August 16, 2019

Podcast Ad Revenue to Reach $1 Billion by 2021

Podcast ads are growing: revenue will total nearly $700 million this year and $1 billion by 2021, says the IAB. Adobe found that 60% of listeners have looked up a product after hearing it mentioned in a podcast ad and 25% have made a purchase. You won’t be surprised that Millennials are the most frequent listeners.

One obstacle to selling podcast ads is lack of data about the listeners. Spotify has just released a dashboard that will offer profiles of listeners’ age, gender, location, music tastes and how long they listened to an episode. That should help.

Veritone One has an AI system that listens to podcasts to determine their content. They just announced that podcasting platform ART19 will use it to automatically match podcast ads with suitable content. Veritone also just added an option to pay podcasters based on purchases tied to promotion codes a podcaster has shared.

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